2173 35Th Avenue CtGreeley, CO 80634

Property Details for 2173 35Th Avenue Ct

Year built

2012

Lot size

0.33 AC

Property size (Sq ft)

4,772 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This meticulously maintained 2012-built quadplex in central Greeley, CO offers a compelling investment opportunity. The property features four identical 2-bedroom, 2-bathroom units, each with an eat-in kitchen, in-unit laundry, gas fireplace, and enclosed balcony. Each unit also includes two dedicated off-street parking spaces. Situated on a 0.33-acre lot at the end of a cul-de-sac, the property enjoys a tranquil setting with easy access to Hwy 34, Greeley West High School, West Lake Village Shopping Center, Greeley West Park, Greeley Lake West Reservoir, and major medical centers. Its proximity to the University of Northern Colorado further enhances its appeal. The property boasts 4,772 square feet of net rentable space, currently 75% occupied, generating a NOI of $53,496 (pro-forma NOI of $56,000). The asking price is $1,125,000 ($281,250 per unit, $235.75 per square foot), representing a 4.76% cap rate (pro-forma 4.98%). All four units are currently leased until June 23, 2025. The seller is offering a rate buy-down incentive to enhance immediate cash flow. The property is zoned R-4. This is a turnkey investment in a high-growth market with projected increases in property values and rents.

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4039

Longitude

-104.736

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].